Shark Tank India ‘pitch of the season’ judges make Peyush Bansal offer an interest-free loan of Rs 20 lakh. look here

Entrepreneur Kamlesh Nanasaheb Ghumare’s versatile bike solution for farmers has been declared “the pitch of the season” on shark tank india. Kamlesh charmed the panel of ‘sharks’ or investors with his flamboyant style and winning idea for a company Lenskart co-founded Peyush Bansal supported, calling Kamlesh ‘Bharat ki ummeed (India’s hope).

Kamlesh entered the show in filmic style and told the panel that he was from a village 20 kilometers from Malegaon. He said he’s a farmer and his brother is in the army. “Jai jawaan jai kisaan,” he said enthusiastically.

In his presentation, he showed the panel a 17kg tank that farmers have to carry on their backs all day. He said that because of this, his father’s health was affected. This motivated Kamlesh to visit dumps and build a versatile bike for farmers going through similar hardships. He said most farmers in the country can’t afford expensive drones, but they can afford to buy his self-designed creation over seven years.

>

Kamlesh demanded Rs 30 lakh, in return for a 10% stake in his business. He admitted that he did not sell a single bike and it cost him Rs 8000 to produce it. After listening to his pitch, Ghazal Alagh hailed his ‘josh and junoon’. Anupam Mittal said Kamlesh reaffirmed his faith in the next generation of entrepreneurs. He said he didn’t understand the agriculture industry, so he wouldn’t be able to invest, but he offered to help Kamlesh with a grant.

Ghazal asked him why he didn’t take any work and tried to have his product made that way. Kamlesh said, “Hum kisaan hain, kissi ka gulaam nahi rehte (We are farmers, we are our own bosses). But she didn’t have an offer for him, because he didn’t have a business model. Vineeta Singh called him a superstar and advised him to check out crowdfunding websites to generate funds, but said she wouldn’t want to invest. Namita Thapar offered to put him in touch with the right people, but couldn’t make him an offer.

Peyush took over and asked Kamlesh some probing questions. He wanted to know if he had been approached by the show, but Kamlesh said no. In fact, he had seen an ad and applied. He wanted to know if Kamlesh had tried to take out a loan or get a grant. He also asked if he had any partners. Kamlesh said he hadn’t really thought about all that and didn’t think anyone would want to give him a loan.

“Hand dunga,” Peyush said. He offered her Rs 10 lakh in exchange for 40% equity and an additional loan of Rs 20 lakh, interest free. “Nobody backed you up, but I will,” he said as he hugged Kamlesh, who came out with a squeal of delight.

Comments are closed.